



Capital Goods | Small Cap
Carborundum Universal Ltd presents a picture of strong financial stability contrasted with significant operational challenges. The company's greatest strength is its exceptionally low debt, making it highly solvent and financially secure with minimal risk of default. It also has a strong capacity to meet its short-term financial obligations. However, this stability is overshadowed by concerns in other areas. The company shows difficulty in efficiently using its assets and inventory to generate sales. A more critical issue is that while its revenues are growing, its profits are declining, suggesting that the current growth is not profitable. The future outlook depends on whether the company can translate its sales growth into actual earnings by improving its operational performance. Its solid financial base provides a cushion, but the trend of shrinking profits despite growing sales is a key risk.
Carborundum Universal Ltd presents a picture of strong financial stability contrasted with significant operational challenges. The company's greatest strength is its exceptionally low debt, making it highly solvent and financially secure with minimal risk of default. It also has a strong capacity to meet its short-term financial obligations. However, this stability is overshadowed by concerns in other areas. The company shows difficulty in efficiently using its assets and inventory to generate sales. A more critical issue is that while its revenues are growing, its profits are declining, suggesting that the current growth is not profitable. The future outlook depends on whether the company can translate its sales growth into actual earnings by improving its operational performance. Its solid financial base provides a cushion, but the trend of shrinking profits despite growing sales is a key risk.
Overall Valuation Score
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P/E RATIO (TTM)
50.37
Industry Median
54.35
Small Cap Median
55.51
P/E RATIO
107.68
P/B RATIO
5.37
Industry Median
6.39
Small Cap Median
6.04
P/S RATIO
4.02
Industry Median
6.18
Small Cap Median
5.10
Others
PEG RATIO
-41.26
EV/EBITDA RATIO
37.12
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹1100.5 as on Sep 1, 2026.
The company's growth story is a tale of two halves, presenting a concerning picture. On one hand, it is successfully expanding its business in terms of sales and growing its asset base, which is a positive sign. However, this growth comes at a steep cost. The company's profits are shrinking significantly despite rising sales. This indicates that the growth is unprofitable, possibly due to rising costs or pricing pressures. This disconnect between revenue growth and profit growth is a major risk for the company's future financial health.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 26.33 | 39.97 | 1.03 | 4.08 | 6.38 |
| Operating Profit Growth Rate | 15.88 | 21.3 | 13.13 | -3.24 | -19.25 |
| Earnings Per Share (EPS) Growth | 17.07 | 24.15 | 11.19 | -36.59 | -33.51 |
| Asset Growth Rate | 23.03 | 17.48 | 5.66 | 11.95 | 15.52 |
| Net Income Growth Rate | 19.45 | 26.29 | 7.69 | -37.18 | -43.81 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Grindwell Norton Ltd | 8.42 | 52.83 | Overvalued | 574.00 | 37.27 | 417.00 |
| 2 | SKF India Ltd | 7.87 | 28.45 | Neutral | 449.00 | 23.71 | 266.00 |
| 3 | Timken India Ltd | 7.73 | 58.19 | Neutral | 632.00 | 52.96 | 415.00 |
| 4 | Carborundum Universal Ltd | 7.68 | 107.68 | Overvalued | 579.00 | 21.85 | 168.00 |
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Overall Score
Strong Bearish
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Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
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Momentum Score
Strong Bearish
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Strong Bullish
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Volatility Score
Strong Bearish
Bearish
Neutral
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Strong Bullish
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Volume Score
Strong Bearish
Bearish
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Strong Bullish
Neutral
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Concall Report⬤4th Feb 26
Q3 FY26 Earnings Conference Call
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Carborundum Universal Ltd (CUMI), a Murugappa Group company, is a leading Indian manufacturer of abrasives, industrial ceramics, electro-minerals, and refractories. It holds strong market positions across these diversified material science businesses, catering to a wide range of industries including automotive, engineering, and infrastructure, with significant global operations.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Carborundum Universal Ltd's P/E ratio (TTM) is 50.37, compared to the industry median of 54.35 and large cap median of 55.51.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Carborundum Universal Ltd's P/B ratio is 5.37, compared to the industry median of 6.39 and large cap median of 6.04.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Carborundum Universal Ltd's P/S ratio is 4.02, compared to the industry median of 6.18 and large cap median of 5.10.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Carborundum Universal Ltd's PEG ratio is -41.26.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Carborundum Universal Ltd's EV/EBITDA ratio is 37.12.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Carborundum Universal Ltd's ROE is 4.31%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Carborundum Universal Ltd's ROA is 10.94%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Carborundum Universal Ltd's ROCE is 10%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Carborundum Universal Ltd's operating margin is 11.12%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Carborundum Universal Ltd's net margin is 3.23%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Carborundum Universal Ltd's current ratio is 2.42.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Carborundum Universal Ltd's debt-to-equity ratio is 0.03.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Carborundum Universal Ltd's interest coverage ratio is 15.84.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Carborundum Universal Ltd's DPS is ₹2.45.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Carborundum Universal Ltd's EPS is -33.51.
(Source line: "Ratios as of 12 Oct 2026, based on last traded price of ₹1100.50. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1954
Headquarters: Chennai, Tamil Nadu
Core Offerings: Abrasives, Industrial Ceramics, Electro-Minerals, Refractories
Stock Listing: NSE (CARBORUNIV), BSE (513375)
Promoter: Murugappa Group
Carborundum Universal Ltd was incorporated in 1954. It began manufacturing bonded and coated abrasives in collaboration with Carborundum Company, USA. Over the decades, CUMI diversified into electro-minerals in the 1960s and industrial ceramics in the 1980s. The company expanded its global footprint through strategic acquisitions, including Volzhsky Abrasive Works in Russia in the 2000s, establishing itself as a diversified materials science company with a significant international presence under the Murugappa Group.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Abrasives | 37.2% | Operating Profit |
| Ceramics | 35.7% | Operating Profit |
| Electro-Minerals | 27.0% | Operating Profit |
Abrasives: Manufactures a wide range of bonded, coated, and super abrasives, serving diverse applications from precision grinding to heavy-duty material removal across automotive, engineering, and construction sectors.
Ceramics: Produces advanced industrial ceramics, refractories, and super refractories, including wear-resistant materials, ceramic-lined equipment, and specialty alumina and zirconia products for high-temperature and high-wear applications.
Electro-Minerals: Focuses on the production of synthetic fused minerals such as silicon carbide, fused alumina, and other specialty electro-minerals primarily used as raw materials in abrasives, refractories, and metallurgy.
Mr. M.M. Murugappan (Chairman): Veteran industrialist from the Murugappa Group, providing strategic direction. Mr. N. Ananthaseshan (Managing Director): Leads the company's operations and strategic growth initiatives with extensive experience in the materials science sector.
CUMI Abrasives & Ceramics (Thailand) Ltd.
Volzhsky Abrasive Works JSC (Russia)
CUMI America Inc. (USA)
CUMI Europe B.V.
Notable corporate actions include a 1:1 bonus issue on 25-Aug-2022 and a 10:1 stock split effective 01-Sep-2022.
The Carborundum Universal Ltd share price today is ₹1100.50 on NSE (CARBORUNIV), as of 14 Oct 2026.
As of 12 Oct 2026, Carborundum Universal Ltd share price is ₹1100.50, with previous close ₹1100.50. Today's range is ₹1100.50 to ₹1100.50. The 52-week range is ₹735.20 to ₹1368.90.
As of today, Carborundum Universal Ltd's market cap is ₹20,909.5 crore (Large Cap).
Carborundum Universal Ltd's current P/E ratio is 50.37, compared to the GENERAL INDUSTRIALS sector average of 42.
Carborundum Universal Ltd's current P/B ratio is 5.37.
Carborundum Universal Ltd's current dividend yield is 0.22%. Last dividend of ₹1.50 per share was declared on 22-Nov-2023.
Carborundum Universal Ltd's EPS (TTM) is ₹-33.51.
Carborundum Universal Ltd (CUMI), a Murugappa Group company, is a leading Indian manufacturer of abrasives, industrial ceramics, electro-minerals, and refractories. It holds strong market positions across these diversified material science businesses, catering to a wide range of industries including automotive, engineering, and infrastructure, with significant global operations.
Carborundum Universal Ltd is promoted by Murugappa Group, holding 38.89% as of 12 Oct 2026.
Carborundum Universal Ltd is listed on NSE (CARBORUNIV) and BSE (513375). Its next quarterly results are expected on May 2024.